Kassák Terrace, the 3rd phase of LIVING’s Kassák Project, is now complete

2024. 10. 15.

Press releases | Milestone

The 3rd and final phase of LIVING’s Kassák Project development, Kassák Terrace, has reached a major milestone, receiving its final use permit ahead of schedule.

Located in District 13 in Budapest, at the intersection of Klapka utca and Kassák Lajos utca, just a short walk from Váci út, the residential park has 246 apartments with A+ energy rating and cutting edge energy solutions for cost-effectiveness. In line with LIVING’s standards, the residential park offers community services and smart home functions to residents. Sales of the apartments are underway.

LIVING, WING’s residential property development business and one of the leading residential developers in Hungary, completed its first residential development, Kassák Residence, in 2020. This was the first phase of the Kassák Project, which was followed by the second phase, Kassák Passage, completed in the second half of 2022. Now the third and final phase of the project, a development with 246 apartments, has received its final use permit.

Kassák Terrace offers practical studio apartments as well as large six-room penthouse units with efficient floor plans and panoramic views. 21 homes in the project have direct garden access. The underground parking garage of the residential development has 259 parking spaces, including 190 with electric chargers. Sales are underway, and there are still some apartments available in the residential park.

Kassák Terrace has a convenient location, in close proximity to Váci út, ensuring easy access to outstanding infrastructure and a broad range of services in the vicinity. Downtown Budapest is easily accessible by car and public transport, yet the development is located in a quiet, tranquil area. Kassák Terrace is a perfect choice for those who prefer an active lifestyle as Margaret Island, the Danube and the City Park, currently undergoing renewal, are easily accessible.

We are happy to announce that the Kassák Terrace residential park, a LIVING development, has received its final use permit ahead of schedule. At LIVING, it is our priority with all residential projects to develop properties that meet all the needs and expectations of the residents. This was true for Kassák Terrace as well: with the handover of the residential park, the Kassák Project is now complete. This is a major milestone for LIVING, as we have built 250 additional high-quality apartments with a focus on environmental considerations. We continue to work towards our goals. The feedback we get from the market and the pace of sales show that LIVING’s approach and sustainable apartments with quality services continue to be in high demand.

said Tibor Tatár, Deputy CEO of WING’s residential and office development businesses in Hungary.

Kassák Terrace has an A+ energy rating and offers surface heating and cooling, a heat pump solution, and apartments with high technical standards. The triple-glazed plastic doors and windows allow for more efficient sound and thermal insulation, resulting in far lower annual heating and cooling costs compared to traditional homes.

LIVING is committed to creating residential properties that offer not only housing, but also a comfortable home and an improved quality of life of the residents. This is true for Kassák Terrace as well: a total green area of 3295 sqm was created in the project, providing residents with a lovely environment, where they can feel close to nature. In addition, a contiguous inner courtyard with a total area of 4518 sqm was created for the residents in the three phases of the project.

In line with LIVING standards, Kassák Terrace offers unique community and smart home solutions to make residents’ lives easier:

Community services: in LIVING homes, residents can enjoy the benefits of community services at any time, which supports a strong, well-functioning community and a pleasant atmosphere in the residential park.
Smart home solutions: from the design phase onwards, LIVING residential developments integrate state-of-the-art solutions, and new residential properties are equipped with modern smart appliances. Up to a certain development stage, owners can choose one of three basic packages, which is included in the price. For those who want to customise their home, an expanded range of services is provided beyond the basic functions.

With LIVING’s own mobile app, residents can customise their smart home appliances and use the community services. For example residents can set different temperatures for their home at different parts of the day, the entry phone has a camera and can be used to communicate with guests remotely, the community living room can be booked for family events, and garden tools can be checked out from the shed.

LIVING Service, LIVING’s professional service provider, makes it easier for owners to manage any and all issues related to their new property, whether they bought it for themselves or as an investment. Services cover everything from renting out, property management and furnishing services to loan intermediation.